Brokerages Set Regency Centers Corporation (NASDAQ:REG) PT at $80.14

Shares of Regency Centers Corporation (NASDAQ:REG) have been given an average rating of “Moderate Buy” by the seventeen ratings firms that are currently covering the firm, MarketBeat reports. Nine equities research analysts have rated the stock with a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokerages that have covered the stock in the last year is $80.1429.

A number of equities analysts have recently commented on the stock. Royal Bank Of Canada raised shares of Regency Centers to a “sector perform” rating in a report on Friday, January 9th. Mizuho reissued a “neutral” rating and set a $74.00 price objective (down from $77.00) on shares of Regency Centers in a research report on Friday, January 9th. Deutsche Bank Aktiengesellschaft upgraded shares of Regency Centers from a “hold” rating to a “buy” rating and set a $83.00 price objective on the stock in a research note on Tuesday, January 20th. Wells Fargo & Company upped their target price on shares of Regency Centers from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Thursday, March 19th. Finally, Robert W. Baird set a $84.00 target price on shares of Regency Centers in a research note on Tuesday, February 10th.

Insider Buying and Selling at Regency Centers

In other Regency Centers news, Chairman Martin E. Stein, Jr. sold 129,490 shares of Regency Centers stock in a transaction that occurred on Tuesday, March 10th. The stock was sold at an average price of $78.33, for a total value of $10,142,951.70. Following the transaction, the chairman directly owned 195,892 shares in the company, valued at approximately $15,344,220.36. This trade represents a 39.80% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In the last quarter, insiders sold 177,490 shares of company stock valued at $13,839,932. Company insiders own 1.00% of the company’s stock.

Institutional Investors Weigh In On Regency Centers

Several hedge funds have recently modified their holdings of REG. Norges Bank purchased a new position in Regency Centers during the 4th quarter worth $1,183,667,000. State Street Corp boosted its holdings in shares of Regency Centers by 1.4% in the fourth quarter. State Street Corp now owns 12,572,876 shares of the company’s stock valued at $877,261,000 after acquiring an additional 168,884 shares in the last quarter. Geode Capital Management LLC increased its stake in shares of Regency Centers by 1.4% during the fourth quarter. Geode Capital Management LLC now owns 4,915,089 shares of the company’s stock worth $338,110,000 after acquiring an additional 67,739 shares during the period. Invesco Ltd. increased its stake in shares of Regency Centers by 7.2% during the fourth quarter. Invesco Ltd. now owns 4,261,437 shares of the company’s stock worth $294,167,000 after acquiring an additional 287,397 shares during the period. Finally, Boston Partners raised its holdings in Regency Centers by 2.1% during the third quarter. Boston Partners now owns 3,540,137 shares of the company’s stock worth $258,062,000 after purchasing an additional 72,584 shares in the last quarter. 96.07% of the stock is owned by institutional investors and hedge funds.

Regency Centers Stock Performance

Shares of NASDAQ REG remained flat at $76.98 during trading hours on Friday. The company had a trading volume of 1,994,424 shares, compared to its average volume of 1,320,948. The stock has a market capitalization of $14.09 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 3.27 and a beta of 0.90. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.05 and a current ratio of 1.05. Regency Centers has a 1 year low of $63.44 and a 1 year high of $79.89. The business’s fifty day simple moving average is $75.89 and its 200-day simple moving average is $72.20.

Regency Centers Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Shareholders of record on Wednesday, March 11th were given a dividend of $0.755 per share. This represents a $3.02 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Wednesday, March 11th. Regency Centers’s dividend payout ratio (DPR) is presently 107.86%.

Regency Centers Company Profile

Regency Centers Corporation is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and development of grocery-anchored shopping centers. Focused on everyday needs retail, the company’s portfolio is strategically concentrated in high-growth, densely populated markets across the United States. By aligning its properties with essential retailers, Regency Centers delivers stable income streams and drives sustained value for shareholders.

Founded in 1963 and headquartered in Jacksonville, Florida, Regency Centers began as a single shopping center developer before evolving into one of the largest owners of grocery-center real estate.